European Central Bank announced a fresh round of stimulus in the form of more asset purchases and ultra cheap loans to banks, on Thursday to support the euro area economy amid the heightened uncertainty surrounding the coronavirus pandemic.
"The monetary policy measures taken today will contribute to preserving favorable financing conditions over the pandemic period, thereby supporting the flow of credit to all sectors of the economy, underpinning economic activity and safeguarding medium-term price stability," the ECB said in a statement.
"At the same time, uncertainty remains high, including with regard to the dynamics of the pandemic and the timing of vaccine roll-outs."
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